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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: andrew krull who wrote (17533)2/14/2003 6:06:15 AM
From: Mr. Pink  Read Replies (2) of 18998
 
Mr. P$nk believes shares of Warnaco which recently emerged from bankruptcy are extremely undervalued. Indeed, He has purchased such shares in the open market and previously purchased the bank debt.

Beware on WRNC, the banks still own a significant stake in Warnaco, there are still some unresolved management issues and the stock might face technical pressure in the future. Notwithstanding, Mr. P$nk believes this stock could trade to the mid teens.

He has no opinion re LU.

Mr. P$nk

Disclaimer: He is wise and handsome owns shares of WRNC and may sell without warning
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